Anil Jain, Managing Director, signed a document on October 13, 2026, in Chennai detailing numerous share encumbrances, primarily benefiting Vivriti Capital Limited and Refex Holding Private Limited, the company’s promoter. The pledges, totaling approximately 2.06% initially and increasing with subsequent additions, involve entities including Beacon Trusteeship Limited, Infosoft Global Private Limited, Krchoksey Financial Services Private Limited, S Jogani Exports Private Limited, Frazer Goods & Supply Private Limited, and Minecs Finvest Private Limited. While the specific purpose of many of these pledges remains undefined, they likely relate to securing loans or other financial obligations. The document’s frequent references to “additional pledges” suggest ongoing financing activities, and the cumulative pledged shares represent a notable portion of the company’s shareholding, the exact percentage dependent on the total outstanding shares.
